Question to the Department for Business, Innovation, Science and Trade:

To ask the Secretary of State for Business, Innovation, Science and Trade, whether he plans to review the adequacy of the regulatory and insolvency framework in providing protection for consumers purchasing off-plan property from developers operating through multiple connected companies.

The Government is currently considering responses to its recently concluded Corporate Civil Enforcement Reforms consultation.

The regulatory and insolvency framework balances the interests of consumers, employees, businesses and other creditors. Duties of company directors are set out in legislation, and they are expected to comply with company and insolvency law and uphold the highest standards of corporate governance.

The recent consultation included proposals to modernise corporate enforcement, such as automatic disqualification of directors where companies are wound up by the court on public interest grounds, and director restrictions to tackle misconduct more quickly and prevent escalation.